Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1887-07-30
THE GARDEN CITY.
0bseryances of an Argus Cores
pondent in Chicago.
scenes on Change some of the Fine
Residences, IL. X. Cables Among
Others---NOtes in General and Items
0fInterest 10 People in Rock Island.


special Correspondence Of the ARGUs.)
CHICAGO, Ill, July EFF stranger
10 Chicago were to wander aimlessly into
the board of trade building and into the
immense auditorium where the ups and
downs of stock and grain transactions of
great city occur. his first impression
would be that he had missed his wav aud
gotten into lunatic asylum, and unless
braved by curiosity, as your correspond
ent was this morning, he would make a
frantic effort to escape by the way in
financiers and brokers who are found
here daily understand the methods of
doing business on change, nor can the
ajority of the visitors to the board OF
trade understand how the sudden rise to
wealth or fall to poverY has happened
They do perhaps have a dim conception
of some ways in which manipulations
may be applied TO stocks to make them
shrink or rise in value. but precisely how
such results may be brought about and
attained, is what they are profoundly
ignorant of. This ignorance has result
ed in producing sort of superstitious
feeling against stock dealing in the minds
of some quiet people. who have never
specialized, aud to them the board OF
| trade floor is the temple of the golden
calf, and all the brokers are devoted wor-
shippers. Brokers and spectators, how,
ever, are thick skinned, and can stand a
good deal of denunclati0n, and whether
| or not there is anything ot the nature of
gambling in their daily transactions. they
appear to take infinite enjoyment
in the excitement which is en-
| couteIed there. and to maintain their
financial interests in the transactions
whether successful or disastrous The
scenes on change in Chicago at the in
stant of huctuation IN grain or stocks
cannot be described. To call the scent
| one of the widest confusion, in which
men race and tare and scream. and make
the most desperate gestures is bul ex
| pressing it mildly. In the time that i
takes to write figure on the black hoard
some are dashed to destruction on hidden
rocks. and others elevated to the dizz,
pinnacle of the highest wave of wealth
Yet what fascination all this has. no
only to those who make it what it is, bu
to men, and even women who look on il
blissful ignorance of all that is occurring
Nevertheless the business intrusted t,
these men is the most important we have
IN the country, for by means of it th
vast commercial interests of the countr
are established and are maintained Tn
exchange is the pulse, the heart and tn
being of the financial and industrial in
terests of the United States. What it is
or at least what 1t is destined to beth
great financial arena of the world. Tn
visitor to Chicago who fails to pay b visi
to the exchange misses good deal wh!c
is both interesting and instructive.
1t is probably safe presumption tina
Chicago possesses more new and hand
some residences, modern in architecture
style and beauty, than any other city i
the world. Broad as this assertion ma
appear to some, it only requires driv
over some of the principal thoroughfare
OF the city to convince one that the state
ment is abundantly sustained. All owe
Chicago-or the resident portion of it 8
least-are buildings typical of huma
wishes, taste and vanity Yet upon re
Fiction that word modern" used as de
scriptive of the style of structure, migE
just as well be ancient FOR in this sens
either word is applicable. In hous
building these days, as in many otht
things. history repeats itself. and tn
ideas and plans of the ancients appear t
predominant in the mind of architect an
builder. One of the most imposing res
dences is the castle of Potter Palmer, o
the lake shore drive Another handsonl
house-a mansion in fact and one of I'll
most elegant in ChicagO--is that of r.
Gable, a gentleman to whom Rock Islam
points with just pride, and with whel
that city is doubtless more familiar tina
with any other public man. Mr. Cable
house is located at the southwest corn
of Cass and Erie streets. and is of ii
Romanesque style of architecture, is ma
slve and imposing, built of kasota stOn
the material being brought from MINES,
ia for the purpose. 1t is a sort of SALINE
color with a rock face. The maiu entrant
is an original design, and the heavy arch,
and columns give 1t very substantl
1 appearance. Other attractive residenc
y are those of Ii. j Vikings. on the ncr
i side. the Mccormick mansion, within
block of it, the Medill palace in the san
neighborhood, the mansions of D L Hi
R. Strahorn and Thomas Dent, on u
south side, and the B. P Moulton. G
Libby and John Cudahy residence on Il
west side. The most beautiful and con
manding e1ifce of all, though, is Il
Storey palace, situated on Grand boul
" ward, which is built entirely OF the fine
y white and blue marble, and the archite
y ture is combination of the French NJ
u Gothic. An IDEA of the immensely Of Il
u structure may be gained, when it is So
j, that the circumference of the walls
u fully four hundred feet. The groun
are MS beautiful as the house, and the
;, terror. am told, is fitted up in style
u magnificence i'll keeping with its extern
y splendor.
. There is no industry in Chicago III t
y newspaper line that has grown SO rapid
|
~ the fraternity with which il is associat
" as well as the public in general than t
y American Press association. and throu
the service OF which, the ARGUS receiy
= its outside press report. The ASSOCIATE
u has branch offices in all the great cit
- of the country, the Chicago office bel
10 at 1872 and 1874 Madison street. IN char
W of +. X Tracy, resident manager,
gentleman III every sense of the wo
o. and man thoroughly conversant W
'e the business with which he is associate
The association, which has been in ex
~ tence SIX years, now supplies 5000 !
, pers with press reports. Receiving
o. news events from all over the country
special wire which is constantly 10 ust
|